Estimates from the Panel Study of Income Dynamics (PSID) indicate that African-American men are one-third as likely to be self-employed as white men.  The large discrepancy is due to a black transition rate into self-employment that is approximately one half the white rate and a black...

Estimates from the Panel Study of Income Dynamics (PSID) indicate that African-American men are one-third as likely to be self-employed as white men.  The large discrepancy is due to a black transition rate into self-employment that is approximately one half the white rate and a black...

We examine trends in entrepreneurship among white and black men from 1910 to 1990 using Census and CPS microdata.  Self-employment rates fell over most of the century and then started to rise after 1970.  For white men, we find that the decline was due to declining rates within industries,...